The real reason he got shut down was megaupload was about to bring out a service where 90% of revenue went back to the artist. Obviously the music industry being what it is they called their mates in the FBI and got it squashed.
source? i know they released that video with all those artists but never heard he was trying to do this
Here's one article -
http://expertscolumn.com/content/why-megaupload-was-really-shutdown"We have a solution called the Megakey that will allow artists to earn income from users who download music for free," D-o-t-c-o-m outlined. "Yes that's right, we will pay artists even for free downloads. The Megakey business model has been tested with over a million users and it works."
mind = blown.
bitcoin + anonyupload + megakeys model = win?!
is there any info out there how this exactly would have worked? im assuming it would tie in the strategy all those megaupload users in the movie RLS blogs used?